Rice cooperative makes loss of Rwf250m

NYAGATARE - A rice farmer’s cooperative operating in Cyabayaga valley in Nyagatare District, CODELIVAM, has made a loss of about Rwf250million, according a recent audit report. The cooperative is made up of over 800 members. The report, conducted by internal auditors whose copy was seen by The New Times, attributed the loss to lack of accountability and poor financial management of the cooperative leaders. The leaders have since resigned, according to sources.
A man-made lake that irrigates CODELIVAM rice valley during dry season.(Photo D Ngabonziza.)
A man-made lake that irrigates CODELIVAM rice valley during dry season.(Photo D Ngabonziza.)
Times Reporter